08/10/2010

The raid at Indore Development Authority (IDA) superintending engineer Vimal Kumar Gangwal has revealed that he had assets valued at more than Rs 10 crore or Rs 100 million.

His palatial homes in Vasant Vihar and Snehlataganj were raided. The Economic Offences Wing (EOW) team found three lockers other than cash, jewellery, insurance policies, shares and other assets. His daughter study in medical colleges while the son is manager with a private bank in Gujarat.

Gangwal had joined IDA as an assistant engineer and later became Chief Engineer. He was now Superintending Engineer and was about to retire soon. Recently Lokayukta raid had yielded Rs 1 crore assets at BL Gothwal's residence. He was also IDA engineer.

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